Householders
A class in transition – Navigating affordability and rising hazards
Householders posted its strongest insurance services results in more than a decade, driven by premium adjustments and two years of relatively mild natural peril activity. Behind the numbers lies a more complex story. Affordability remains a pressing concern and structural risks are also growing, as lithium battery fires add new challenges and natural disasters remain an ever-present threat. While the industry is improving disaster readiness, questions remain about how to balance affordability, industry sustainability, and risk into the future.
$bn
insurance services result
%
Average premium growth since FY23
%
Fewer risks written since FY23
Charts
Insurers enjoy record profitability amidst mounting affordability challenges
Refer to About the data for the fine print; September 2023 quarter is excluded from 2024 figures.
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